Labor Day Offers Big Used Car Savings for Consumers

McLEAN, VA -- Aug. 28, 2014: The upcoming Labor
Day holiday weekend offers smart shoppers an excellent chance to capitalize
on end of summer new vehicle deals meant to clear out inventory for
incoming model year cars and trucks.

"Labor Day discounts are historically some of the most generous seen
throughout a given year and this year's promotions should be among the best
in recent memory," said Mike Stanton, Vice President & COO of NADA Used Car
Guide.

Faced with slowing new sales growth, manufacturers have dialed up
incentive spending and many kicked off model year sell-down sales back in
July to get a jump start on the competition.

Both Ford and GM are offering promotions of 0% financing for 72 months
on many of their popular models, while Nissan and Toyota are offering
similar 0% APR deals for a 60 month term.

For consumers shopping a particular segment, some of the best deals can
be found in the hotly contested compact and midsize car segments where
deals are averaging nearly as much as they are for more expensive luxury
cars.

Consumers should also find ample inventory to choose from as well as
strong deals, which won't be the case heading deeper into the fall.

"Sales for current model years decline rapidly from September on," said
Jonathan Banks, Executive Automotive Analyst at NADA Used Car Guide,
"generally moving from an average of 74% in August and September to just
22% in December."

Incredibly strong trade-in prices make the holiday proposition even
better. "Dealers are hungry for quality used vehicles so they continue to
make highly competitive trade-in offers."